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South Korea Weighs Gold Purchases for Long-Term Reserve Strategy

A central bank official indicated that the country may add gold to its reserves over a medium to long-term horizon.

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Terms & Concepts
  • Reserve Asset: Financial assets held by a central bank to support its currency and economy, often including foreign currencies, gold, and other commodities.
  • Gold Reserves: The quantity of gold held by a nation's central bank intended to back its currency and maintain financial stability.